G7 Finance Ministers to Discuss Introduction of Russian Oil Price Ceiling

2022-08-31T17:47:00+03:00

2022-08-31T18:08:32+03:00

2022-08-31T17:47:00+03:00

2022

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G7 Finance Ministers to Discuss Introduction of Russian Oil Price Ceiling

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Finance Ministers of the G7 countries will discuss on Friday the initiative to impose a price ceiling on Russian oil, the US National Security Council coordinator for… PRIME, 08/31/2022, said at a briefing on Wednesday

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G7 Finance Ministers to Discuss Introduction of Russian Oil Price Ceiling

The official residence of the President of the United States - the White HouseThe official residence of the President of the United States - the White House

WASHINGTON, Aug 31 – PRIME The finance ministers of the G7 countries will discuss on Friday an initiative to introduce a ceiling on Russian oil prices, John Kirby, coordinator of the US National Security Council for strategic communications, said at a briefing on Wednesday.

Oil production.

Media: OPEC oil production in August reached a maximum since April 2020

“The President (Joe Biden – ed.) and the leaders of the G7 countries have instructed their representatives to explore the idea of ​​​​imposing an international price cap for Russian oil .., this is what will be discussed this week during the meeting of the G7 finance ministers, which will be held on Friday “, Kirby said.

According to him, the United States has already taken “decisive action to ban (import – ed.) Russian oil and US allies have also announced plans to reduce their own imports” of Russian energy.

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“We believe that imposing a ceiling on the price (of Russian oil – ed.) is the most effective way to deal a strong blow to the benefits he (Russian President Vladimir Putin – ed.) receives,” said a US administration official.


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